Core Viewpoint - CIMC's energy storage business is experiencing rapid growth and has recently established a joint venture with Ronghe Yuanshu to enhance its market presence and technological capabilities in the renewable energy sector [1] Group 1: Joint Venture and Market Impact - The joint venture, Shanghai CIMC Yuanrong New Energy Technology Co., Ltd., is expected to generate an annual output value increase of 1 billion yuan for the Lingang New Area [1] - The partnership combines CIMC's expertise in box integration and new materials with Ronghe Yuanshu's practical experience in zero-carbon energy operations, focusing on applications like "zero-carbon parks" and "green electric transportation" [1] - The joint venture aims to leverage a global service network and target high-potential markets in Australia, Europe, and Southeast Asia [1] Group 2: Business Development and Performance - CIMC's energy storage business is a key strategic area for the company, showing continuous growth and becoming an important driver of high-quality development [1] - The business has adopted a dual approach of deepening relationships with traditional customers while expanding to new clients, resulting in a steady increase in shipment volume [1] - CIMC's energy storage equipment has been widely delivered to major global markets, with a cumulative shipment volume exceeding 60 GWh, positioning the company as a global leader [1] Group 3: Innovation and Application - CIMC is actively expanding diverse application scenarios for its energy storage solutions, advancing new technology research and product innovation [1] - Successful demonstration projects have been implemented in urban supercharging, green transportation, port shore power, data centers, and high-energy-consuming industries, gaining market recognition for product and delivery capabilities [1]

山西是国家重要的综合能源基地， 已构建起涵盖现货、调频、备用等多层次的电力市场机制， 完善的市场体系为储能产业发展营造了良好环境。大同作为山西省能源转型的前沿阵地，历史底 蕴深厚，具备政策支撑有力、产业基础扎实的发展优势，在新能源储能领域具有独特的资源禀赋 和发展潜力。 自2023年海博思创储能装备产业园落户大同以来，双方合作持续深化，结出累累硕果。 海博思 创大同智能制造基地2025年实现产值跨越式增长，二期建设稳步推进，相关储能电站项目也取 得阶段性重要进展 ，充分体现"大同速度"与"大同服务"的高效与温度。 展望未来，海博思创将充分发挥作为储能行业龙头企业的带动作用，推动更多优质项目、先进技 术与创新模式落地大同。海博思创将与大同市同频共振，携手构建储能产业生态圈，集聚产业链 上下游优质企业协同发展，全力将大同打造成储能产业发展的高地。 文 | 海博思创 1月26日，北京 海博思创 科技股份有限公司与 大同市政府 正式签署合作协 议。双方将围绕 智能制造、独立储能电站 等重点领域，开展全方位、深层次的 合作，共同推动大同市新能源产业结构优化与提升，助力区域能源转型与可持 续发展。 签约仪 式上，大同市委 ...

（来源：中国改革报） 转自：中国改革报 □ 张 明 姬生帅 □ 本报记者 尹明波 "十四五"时期，山东济宁汶上县锚定"走在前、勇争先"目标，以改革破局、以产业筑基、以民生为本， 在纷繁复杂的发展环境中逆势突围，县域经济差异化评价连年大幅进位，首次跻身山东省前20，获评山 东省县域经济高质量发展成效显著县，交出了一份有分量、有温度、有质感的时代答卷。当前，这座千 年古县正以"3331"现代化产业体系为支撑，在乡村振兴、民生改善的协同发力中，奋力谱写中国式现代 化汶上实践新篇章。 产业强基：改革赋能构建现代化产业生态 制造业是县域经济的"硬脊梁"，而改革则是激活产业动能的"金钥匙"。"十四五"以来，汶上县坚持把工 业经济作为"头号工程"，以体制机制创新破解发展瓶颈，推动产业能级实现跨越式提升，三次产业结构 从"十三五"末的17.4:38.1:44.5优化调整为13.1:43.0:43.9，制造业占税收比重达到25%，筑牢了现代化经 济体系的根基。 在产业链培育上，深化"链长制"，构建起"3331"现代化产业体系，推动优势产业攀高向新、新兴产业破 茧成蝶。高端装备、纺织服装、绿色化工三大优势产业持续壮大，工程机械配 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the electric power and new energy sectors, including Ningde Times, Mingyang Electric, and Sunshine Power [6]. Core Insights - The focus on affordability in the U.S. AI power sector is expected to influence the mid-term elections in 2026, with significant price increases in wholesale electricity driven by rising gas prices and capacity costs [2][15]. - The report highlights the potential for a significant increase in capacity prices due to the growing demand from data centers, which are projected to account for 95% of the incremental capacity [2][23]. - The "Energy as a Service" (EAAS) model is identified as a viable solution for data centers to achieve rapid power access while internalizing costs, with an estimated annual installation demand of 29-45 GW from 2026 to 2030 [4][31]. Summary by Sections Section 1: Price Increases and Capacity Demand - The PJM wholesale electricity price increased by 43.7% year-on-year, with gas prices contributing 66% and capacity price increases contributing 30% [2][15]. - The report estimates that capacity prices could rise by 100% to 300% from current levels due to the demand from data centers [2][15]. Section 2: Energy as a Service (EAAS) Model - The EAAS model is projected to maintain a demand of 29-45 GW per year from 2026 to 2030, with small gas turbines being economically advantageous [4][31]. - This model allows data centers to meet their urgent power needs while minimizing the impact on overall electricity costs [4][31]. Section 3: Electric Grid and Regulatory Changes - The report emphasizes the need for accelerated approval processes for electric grid and power sources to reduce electricity costs through economies of scale [3][31]. - Recent regulatory changes, including FERC's proposals, aim to streamline the approval process for large loads and enhance the capacity of the electric grid [31][40]. Section 4: Recommendations for Key Companies - The report recommends several companies for investment, including Ningde Times, Mingyang Electric, and Sunshine Power, all rated as "Buy" [9]. - Other recommended companies include Guodian NARI, Dongfang Electric, and Harbin Electric, which are positioned to benefit from the rising demand for electric power equipment [9]. Section 5: Market Dynamics and Future Outlook - The report anticipates a recovery in household solar storage demand driven by rising electricity prices, with potential for significant market growth [5][10]. - The overall electric power market is expected to experience a structural shift due to the increasing load from data centers, necessitating a reevaluation of investment strategies in the sector [31][35].

Core Viewpoint - The establishment of a solid-state lithium battery production base in Jiangning District, Nanjing, with a total investment of 5.2 billion yuan, aims to achieve an annual production capacity of 15 GWh for solid-state batteries and related products [1][5]. Group 1: Project Overview - The project is funded by Shandong Yunshi Weilan New Materials Co., Ltd., which is jointly established by Shandong Yunshi Forestry Development Co., Ltd. and Weilan New Energy, with respective shareholdings of 90% and 10% [3][7]. - Shandong Yunshi Forestry Development Co., Ltd. is a state-owned enterprise engaged in the development and investment in the new energy sector, and is a subsidiary of Shaanxi Forestry Industry Group [3][7]. Group 2: Production Capacity and Technology - The project will utilize Weilan New Energy's solid-state battery technology, focusing on markets such as energy storage, grid peak shaving, and commercial energy storage [3][7]. - Currently, Weilan New Energy has four production bases located in Fangshan, Beijing; Liyang, Jiangsu; Huzhou, Zhejiang; and Zibo, Shandong, with a total existing annual production capacity of 28.2 GWh and a planned total capacity exceeding 100 GWh [3][7]. - The Liyang base is specifically focused on the large-scale production of solid electrolyte materials, with a planned annual production capacity of 5,000 tons to support battery cell manufacturing [3][7].

Core Viewpoint - Inner Mongolia plays a crucial strategic role in national energy supply, contributing approximately one-sixth of the total energy production and one-third of the cross-regional energy transmission in China. The region is transitioning from a fossil fuel-based energy hub to a clean energy powerhouse under the guidance of the "Four Revolutions, One Cooperation" energy security strategy, supporting high-quality economic development and national energy security [1]. Group 1: Renewable Energy Development - Inner Mongolia's renewable energy capacity has seen significant growth, with installed capacity projected to reach over 170 million kilowatts by 2025, including wind power capacity exceeding 100 million kilowatts, marking a historic milestone [2]. - The region's renewable energy installed capacity surpassed that of thermal power for the first time, achieving 135 million kilowatts in 2024, a year ahead of schedule [2]. - Inner Mongolia has been designated as a key area for national renewable energy projects, receiving strong support from government policies and funding, which have accelerated the development of its renewable energy sector [2]. Group 2: Industrial Chain Development - Inner Mongolia is establishing a complete industrial chain for renewable energy equipment manufacturing, focusing on wind, solar, hydrogen, and storage technologies, which enhances the optimization and upgrading of the supply chain [3]. - The region's wind power equipment manufacturing industry has developed a comprehensive supply chain, with production capabilities including 91.53 million kilowatts of wind turbine main units and 6,450 sets of blades [3]. - The rapid establishment of a solar component factory in Hohhot exemplifies the growing completeness of Inner Mongolia's photovoltaic industry chain, with an expected annual supply capacity of 70 million kilowatts by 2025 [4]. Group 3: Energy Consumption and Utilization - Inner Mongolia aims to enhance the consumption and utilization of renewable energy by increasing power transmission, promoting local consumption, and improving regulatory capabilities [6]. - The region plans to generate 270 billion kilowatt-hours of renewable energy by 2025, with 90 billion kilowatt-hours earmarked for external transmission, reflecting a growth of over 40% [6]. - Innovative policies are being implemented to facilitate local consumption of renewable energy, including the development of integrated energy systems and the promotion of green hydrogen applications [6][7]. Group 4: Energy System Stability - Inner Mongolia is developing pumped storage power stations and new energy storage projects to enhance the stability of its power system, with a target of over 17 million kilowatts of new energy storage capacity by the end of 2025 [7]. - The region is focusing on constructing a modern energy industry system to ensure a stable energy supply and support the large-scale development and utilization of renewable energy [7].

Core Viewpoint - The company is progressing with the construction and production at the Zhangye factory, which is a significant production base for the company, and specific output and delivery details will be disclosed through official company announcements [1] Group 1 - The Zhangye factory officially commenced operations on October 9, and it is expected to deliver 800WHW energy storage equipment by the end of November [1] - The production value of the Zhangye factory is projected to exceed 1 billion yuan by the end of the year [1]

Group 1 - The National Development and Reform Commission, Ministry of Industry and Information Technology, and National Energy Administration announced the first batch of national-level zero-carbon park construction list, including 52 parks such as Beijing Economic-Technological Development Area and Gansu Qingyang East Data West Computing Industry Park [1] - Local development reform commissions and relevant departments are encouraged to support the construction of national-level zero-carbon parks, promoting green electricity direct supply models and encouraging innovation in technology, policy, and business models [1] - Tongli Tianqi's subsidiary, Tianqi Hongyuan, focuses on core technology research and development in the energy storage and microgrid industry, forming a complete technical system from cell-level optimization to system integration [1] Group 2 - In March, Tongli Tianqi and Tianqi Hongyuan signed a strategic cooperation framework agreement with the Gansu Qingyang government to collaborate on energy storage equipment manufacturing and energy storage station construction [2] - The first phase of the project includes building an energy storage equipment production line and an independent energy storage station, which will supply green electricity directly to the data center of the Qingyang "East Data West Computing" industrial park [2] - In July, Tongli Tianqi signed a strategic cooperation agreement with Gansu Mobile to develop "new energy communication infrastructure" projects, leveraging Gansu Mobile's resources and digital capabilities [2]

Core Viewpoint - The Gansu Provincial Committee of the Communist Party of China has approved the recommendations for the 15th Five-Year Plan, focusing on building a modern industrial system and enhancing the province's economic development over the next five years [1][2]. Group 1: Industrial Development - Gansu aims to establish a national regional modern manufacturing base, enhancing its industrial strength through traditional industry upgrades and the promotion of new technologies and products [1][2]. - The province plans to develop several national and provincial advanced manufacturing clusters, focusing on a modern industrial system centered around advanced manufacturing [1]. Group 2: Energy Sector - Gansu will leverage its abundant energy resources to build large-scale wind and solar power bases, improve energy transmission channels, and implement integrated renewable energy development projects [2]. - The province aims to transition from being an energy-rich province to an energy-strong province by expanding its wind, solar, thermal, hydrogen, and energy storage industries [2]. Group 3: Service Industry - Gansu will enhance its service sector by improving the integration of modern services with advanced manufacturing and modern agriculture, aiming for higher quality and diversified service offerings [2]. - The province will implement a plan to double the number of service enterprises, supporting their growth and development [2]. Group 4: Infrastructure Development - Gansu will address infrastructure shortcomings by advancing both traditional and new infrastructure projects, including optimizing the Lanzhou railway hub and developing major highway corridors [3]. - The province aims to establish a modern infrastructure system that is efficient, safe, and environmentally friendly [3].

Group 1 - Gansu Province will continue to prioritize industrial strength and the development of a modern industrial system as a key task for high-quality development during the "14th Five-Year Plan" and beyond [1] - The province aims to build a national regional modern manufacturing base by implementing actions for upgrading traditional industries, promoting innovation, and developing future industries [1] - Gansu plans to enhance its status as a major base for renewable energy and equipment manufacturing, focusing on large-scale wind and solar power projects and improving energy transmission infrastructure [1] Group 2 - The province will strengthen its position as a national hub for integrated computing power networks by expanding computing capacity and enhancing collaboration with eastern regions [2] - Gansu aims to promote high-quality development in the service sector by integrating modern services with advanced manufacturing and modern agriculture [2] - The province will advance the construction of modern infrastructure, including major projects like the optimization of the Lanzhou railway hub and new highway corridors [2]